High-level gas security talks due next week between Russia, Ukraine and the European Commission have been postponed because experts need to do more preparatory work, the Commission said on Friday…
Energy
The Obama administration on Friday launched a formal, 30-day review of Shell’s broad plan for boring up to six exploratory oil wells in Arctic waters near Alaska, even as the company moves…
Russia and Greece are to sign a memorandum of cooperation on laying a new pipeline in the Turkish Stream project which will deliver Russian gas to Europe via Greece, according to the Greek Energy…
More than 19 billion liters of petroleum products were produced in Abadan Refinery in Khuzestan Province in the previous Iranian calendar year (ended March 20), the refinery’s managing director…
Iran is set to commence gas exports to Iraq in May, managing director of the National Iranian Gas Company (NIGC) said on Saturday, ILNA reported.
NIGC has constructive interaction with the…
Promoting oil and gas condensate exports to China, participation of Chinese firms in Iranian oil and gas projects, and expanding collaborative research were the cornerstone of negotiations between…
A Rosatom delegation is due in Tehran on April 21 to discuss nuclear fuel production, as well as construction of two power plants in the south of Iran, deputy managing director of the Atomic…
China is poised to become the second-largest net natural gas importer as soon as next year, behind only OECD Europe, according to the International Energy Agency (IEA).
The American oilfield services company Baker Hughes said the number of rigs exploring for oil and natural gas in the US declined by 40 this week to 988 amid depressed oil prices. It was…
UK Oil & Gas Investments (UKOG) said up to 100 billion barrels of oil have been found beneath Gatwick Airport in south of London, believed to be worth more than £300 billion. However, the…
The output of South Pars gas field Phase 12 has reached a record high of 80 million cubic meters per day in the present Iranian year (started March 21), Rasoul Fallahnezhad, Phase 12 director said…
The nationwide power plants overhaul project, which started last August, has made nearly 70 percent progress, comprising more than 66,000 MW power generation capacity, Moj news agency said in a…
China will reportedly finance the Iran-Pakistan (IP) natural gas pipeline from Iran, home to the world’s second largest reserves, to energy-deprived Pakistan.
The final deal is to be signed…
OPEC's strategy of holding output steady is not working and the group's members should discuss production levels before its next meeting in June, Iran's oil minister said in an interview with…
The Pars Oil and Gas Company (POGC) is in talks with both Iran Marine Industrial Company (SADRA) and Khatam-al-Anbia Engineering Firm to speed up the development of South Pars gas field phases 13…
Power consumption in Iran is three times higher than the global average, energy consumption deputy at the Iran Power Generation Transmission & Distribution Management Company (Tavanir) said,…
Turkey may consider selling Trans-Anatolian Pipeline (TANAP) project shares to Iran, according to the country's Energy Minister Taner Yildiz.
Oil rose towards $58 a barrel on Friday, heading for a weekly gain, supported by an easing of concerns that the interim accord over Iran's nuclear work will lead to a rapid rise in Iranian oil…
Experts have divergent opinions on the cost-effectiveness of power generation via hydroelectric power plants; however, according to one analyst, hydropower is by and large more economical in…
A final nuclear deal with Iran and the lifting of oil export sanctions from the OPEC member could lead the Energy Information Administration to lower its oil price forecast for next year by as…
Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for $70 billion (£47 billion) in a bid to close the gap on the world's biggest oil major, US ExxonMobil.
Canadian heavy crude’s discount to West Texas Intermediate oil shrank 35 cents to $11.90 a barrel - the smallest since June 2013 - as exports surged south to US refineries running at their…
The Iranian Offshore Oil Company (IOOC) plans to hold two tenders in the near future for domestic and foreign investors that include the overhaul of 40 and drilling of 15 oil wells, Saeed Hafezi,…
Around 145 compressed natural gas (CNG) stations are being built across the country, and "many of them are due to go operational this year," director of CNG at the National Iranian Oil Production…
Iran will not reduce the price of gas it exports to Turkey unless a new contract is signed between the two neighbors whereby Turkey undertakes to increase the amount of gas it imports from Iran;…
